A few key results

Science-based target

Set to reduce our greenhouse gas emissions by 21% from 2015 levels by 2025.  

$55bn environmental financing target

Financing activities planned to help address climate change and support the transition to a low carbon economy increased to $55bn by 2025.  

Why is this important?

NAB recognises that climate change is a significant risk and a major challenge for the global economy and society. We support the transition to a low carbon economy, consistent with the global agreement reached in Paris to limit global warming to less than 2 degrees above pre-industrial levels (the Paris Agreement).

The impacts of climate change and climate-related policy are having a growing effect on our business, our customers, and the communities in which we operate.

We believe we have a key role to play in providing finance to assist the low carbon transition. That’s why we continue to be the leading arranger (by market share) of project finance for renewable energy in Australia1.

A long-standing objective of our climate change strategy has been to learn by doing and then incorporate this knowledge into how we manage environment, social and governance (ESG) risks and provide products and services to assist our customers.

Our climate change strategy was refreshed in FY2017. It focuses on the following four areas:

  • Leadership commitments
  • Developing climate change knowledge and insights
  • Supporting our customers through the low-carbon transition
  • Investing in organisational capability to identify and respond to climate change risks and opportunities.

For more details about our climate change strategy and governance refer to our Sustainability Report (PDF, 3.3 MB).

Download our Environmental Agenda. (PDF, 301 KB)

Important Information

1. Thomson Reuters: Project Finance International 2006-2018 Asia Pacific Initial Mandated Lead Arrangers League Tables – 2018 AUD$ Project Allocation, NAB analysis ranking against four major Australian banks – cumulative volume as at 30 June 2018.

What do we do?

Discover more

Environmental performance

Our environmental targets, assurance and certifications help us operate more efficiently while addressing key environmental challenges.

Environmental products and services

We’re helping our customers take action for the good of the environment and their business.

Natural value

We’re integrating natural capital considerations into our day-to-day decision making and risk assessment processes.

Resource scarcity

We’re working towards minimising waste and reducing consumption.